Today's Financial News

NEW YORK (AP) — U.S. stocks are opening slightly lower, pulling the Nasdaq composite back below 5,000 points. Offshore drilling company Nabors sank 1.5 percent in early trading Tuesday after reporting earnings and revenue that fell well short of what analysts were looking for. The Dow Jones industrial average fell 41 points, or 0.2 percent, to 18,248 as of 9:35 a.m. Eastern time.

LONDON (AP) — A lawyer for phone-hacking victims says the illegal practice was "rife" at tabloids owned by Britain's Trinity Mirror PLC. David Sherborne said Tuesday that the Daily Mirror, Sunday Mirror and People tabloids likely conducted illegal eavesdropping for several years from mid-1999. Sherborne is representing plaintiffs including actress Sadie Frost, actor Shane Ritchie and former soccer player Paul Gascoigne. A High Court judge is hearing a case by eight claimants that will set guidelines for damages to be paid to hacking victims.

GEORGETOWN, Mass. (AP) _ UFP Technologies Inc. (UFPT) on Tuesday reported fourth-quarter profit of $1.6 million. On a per-share basis, the Georgetown, Massachusetts-based company said it had net income of 22 cents. Earnings, adjusted for one-time gains and costs, were 27 cents per share. The packaging company and component manufacturer posted revenue of $35.3 million in the period.

LONDON (AP) — Barely a year after emerging from a savage recession comparable in its intensity to the Great Depression in the U.S., Greece's economy is shrinking again. The uncertainty, which started toward the end of 2014 when early elections were called, has damaged confidence among investors, consumers and business owners.